Mitsubishi UFJ Trust & Banking Corp Has $9.06 Million Stock Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 30.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 243,076 shares of the company's stock after selling 108,560 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Robinhood Markets were worth $9,057,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. New Wave Wealth Advisors LLC acquired a new position in Robinhood Markets in the 4th quarter valued at approximately $26,000. True Wealth Design LLC purchased a new position in shares of Robinhood Markets during the 3rd quarter valued at $30,000. Creative Financial Designs Inc. ADV increased its stake in shares of Robinhood Markets by 750.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock worth $32,000 after acquiring an additional 750 shares during the last quarter. Silicon Valley Capital Partners purchased a new stake in shares of Robinhood Markets during the fourth quarter worth $37,000. Finally, Bogart Wealth LLC acquired a new stake in Robinhood Markets during the fourth quarter valued at $37,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Robinhood Markets Stock Up 1.3 %

Robinhood Markets stock traded up $0.53 during mid-day trading on Wednesday, reaching $42.69. The company had a trading volume of 14,115,059 shares, compared to its average volume of 21,976,361. The company has a 50 day moving average of $48.88 and a 200-day moving average of $38.60. Robinhood Markets, Inc. has a 52 week low of $13.98 and a 52 week high of $66.91. The firm has a market cap of $37.80 billion, a price-to-earnings ratio of 27.10, a PEG ratio of 1.05 and a beta of 2.14.

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Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. On average, analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on HOOD shares. JPMorgan Chase & Co. raised their price target on Robinhood Markets from $39.00 to $45.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $60.00 price objective on shares of Robinhood Markets in a research report on Thursday, March 27th. Needham & Company LLC decreased their target price on shares of Robinhood Markets from $70.00 to $62.00 and set a "buy" rating for the company in a research report on Friday, March 28th. The Goldman Sachs Group upgraded shares of Robinhood Markets from a "neutral" rating to a "buy" rating and raised their price target for the company from $40.00 to $46.00 in a report on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Robinhood Markets from $75.00 to $61.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $60.82.

Insider Transactions at Robinhood Markets

In other news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $46.81, for a total transaction of $273,978.93. Following the completion of the transaction, the chief technology officer now directly owns 17,559 shares of the company's stock, valued at approximately $821,936.79. This trade represents a 25.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $51.60, for a total transaction of $1,290,000.00. Following the completion of the sale, the insider now directly owns 706,642 shares in the company, valued at approximately $36,462,727.20. The trade was a 3.42 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,955,655 shares of company stock valued at $143,072,448. 19.95% of the stock is owned by corporate insiders.

About Robinhood Markets

Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.